[319 Pages Report] The market for homogenizers is projected to grow from USD 1.53 Billion in 2016 to reach USD 1.94 Billion by 2021, at a CAGR of 4.92%. The report aims at estimating the market size and future growth potential of the homogenizers market across different segments such as type, valve technology, application, and region. Globally, competition in the homogenizers market is growing considerably owing to the increasing demand from various end user industries such as food & dairy, cosmetics, pharmaceutical, biotechnologies, and chemical industries. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.

The research methodology used to estimate and forecast the market size included the top-down approach. The total market size of the homogenizers was calculated, and accordingly, the percentage was allotted to different sectors in each of the segments. This allotment and calculation was done on the basis of extensive primary interviews and secondary research. Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents is depicted in the figure below.

MarketsandMarkets projects that the market for homogenizers is projected to grow from USD 1.53 Billion in 2016 to USD 1.94 Billion by 2021, at a CAGR of 4.92%. The market for homogenizers is growing due to innovative developments in the industrial sectors and increasing demand from various end user industries such as food & dairy, cosmetics, pharmaceutical, biotechnologies, and chemical. Change in consumer lifestyles and growing consumption of novel food & beverage products are the important factors that led to the increase in the demand of homogenizers, especially in the emerging Asia-Pacific and Latin American regions.

The homogenizers market is segmented on the basis of type, valve technology, application, and region. On the basis of type, the ultrasonic homogenizers segment accounted for the largest market share, in terms of both volume and value. Ultrasonic homogenizers are widely used for emulsifying various cosmetics and consumer durable products, such as skin lotions, pharmaceutical ointments, lubricants, and fuels, owing to its capability of dispersing of powders in liquid.

Two valve assembly homogenizers are the most widely used valve technology among other technologies, especially in the dairy and cosmetics industries; this segment accounted for the largest share, in terms of both, volume and value. These are widely used for the products which require high processing and have high fat content such as dairy products, viscous products, cosmetics, and consumer products.

On the basis of application, the homogenizers market is segmented into food & dairy, cosmetics, pharmaceuticals, biotechnologies, and chemical. The food & dairy segment accounted for the largest market share in 2015. This growth is attributed to the increasing food & beverage industry which provides excellent opportunities to the market players to produce unique and innovative homogenized food & beverage products. Changing consumer lifestyle and growing consumption of food & beverage products will further drive the market.

The global homogenizers market is segmented, region-wise, into North America, Northern Europe, Western Europe, Eastern Europe, Asia-Pacific, Middle East, Africa, and Latin America. The Asia-Pacific region held the largest share among all the regions in 2015. The rising economy and the rapid growth in the food & beverage and dairy sectors of the Asia-Pacific region have significantly impacted the growth of the homogenizers market.

Mergers & acquisitions accounted for 44% of the total strategic growth developments adopted by key players in the homogenizers market from 2011 to 2015. Companies adopted these strategies to increase their geographical reach and strengthen their product portfolios and were largely adopted by the leading homogenizers manufacturing companies. Krones AG (Germany), GEA Group (Germany), and Netzsch Group [Erich NETZSCH GmbH & Co. Holding KG] (Germany) are some of the leading homogenizers manufacturing companies that adopted these strategies. Companies aim to serve the market efficiently by investing in research & development activities and introducing new products to keep up with changing consumer wants and needs.

There are certain factors prevailing in the market that hinder the growth of this industry. Factors such as uncertainty in economic conditions, heavy capital investment, and government regulations inhibit the growth of the market. Rising costs of power and energy required for the operation of homogenizer could be a major challenge.

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